Incorporating a company in the BVI has numerous advantages for business. For example, IBC's registered in BVI:

• Are exempted from paying any form of tax (see below for details)
• Can keep all company details confidential (see below for details)
• Have minimum compliance requirements before and after incorporation etc.

Below are the main advantages associated with incorporating in the BVI:

TAX BENEFITS

• BVI IBC's have no tax liabilities. The tax rate is zero percent
  (0%)
• Payment of capital gains taxes, inheritance taxes and death duties are not applicable on IBC's registered in the BVI
• All dividends, interests, royalties, rents, compensations and other amounts are exempted from the payment of income tax in the BVI

MINIMAL COMPLIANCE REQUIREMENTS

• The information of directors, officers and shareholders can be kept completely confidential
• Only one shareholder is required for incorporating an IBC
• Only one director is required for incorporation
• The sole director can also act as the sole shareholder
• Appointing a company secretary is not a mandatory requirement
• There is no need to appoint any operating officers of the company
• Neither nationality nor residence restrictions apply on company directors or company shareholders
• Companies and individuals may both act as company directors, secretaries and/or shareholders
• IBC's may have beneficial owners
• An IBC need not maintain registers of directors and officers. If prepared, the registers can be maintained anywhere in the world

LENIENT RULES FOR HOLDING COMPANY MEETINGS

• There is no compulsion for an IBC to hold Annual General Meetings (AGMs)
• Board meetings can be held anywhere in the world including the BVI
• Physical presence of attendees is not a requirement in company meetings. Telephonic and virtual meetings are acceptable

LENIENT ACCOUNTING REQUIREMENTS

• IBC's are not required to file annual returns
• IBC's are not required to prepare (or submit) company accounts to any authority
• Offshore company accounts need not be audited by internal or external auditors
• Books and records of IBC's can be maintained anywhere in the world
• Share books or company meeting minutes (if maintained) need not be certified by any authority

LENIENT RULES FOR SHARE CAPITAL

• There is no requirement for having a minimum or maximum share capital
• The share capital of an IBC need not be disclosed
• There are no issued share capital requirements for IBC's
• Multiple classes of shares can be issued by an IBC
• An IBC can issue shares with or without a par value

MULTIPLE SHARE TYPES

• Bearer shares
• Registered shares
• Redeemable shares
• Shares of no par value
• Preference shares
• Shares with or without voting rights

SHARE CURRENCY

• Shares can be denominated in any currency, not necessarily only in the USD
• Shares may be denominated in more than one currency

NO FOREIGN EXCHANGE CONTROLS

• There are no foreign exchange controls and funds that can be moved freely in and out of the BVI

POLITICAL & ECONOMIC STABILITY

• As one of the more socio-economically stable regions of the world, the BVI is highly regarded as a safe haven for conducting international business activities

DIVERSE INVESTMENT OPPORTUNITY

• IBC's may conduct business transactions amongst themselves, as well as internationally, without any restrictions as to the nature of business itself

There are numerous other advantages to offshore company registration in the BVI. This makes BVI an ideal haven for conducting international business activities.

Offshore Center provides professional company registration services for IBC incorporation in BVI.

For further inquiries, please contact info@o-c.com